China's Jilin Petrochemical cuts phenol/acetone output

18 December 2012 03:53[Source: ICIS news]

MELBOURNE (ICIS)--China's Jilin Petrochemical, a subsidiary of PetroChina, has cut the operating rate at its 120,000 tonne/year phenol/acetone plant to 80% capacity because of weak market conditions, sources close to the company said on Tuesday.

The producer cut its plant operating rate from 100% capacity in response to the margin erosion caused by persistently high feedstock benzene costs as well as a build- up in its phenol inventory, the sources said.